Rally

Rocket

Polygon

The <a href="https://www.newsbtc.com/matic/polygon-matic-price-fueled-by-increase-in-whale-activity/">MATIC</a> price has gained quickly making it one of the top gainers in the last day. But even after growing so much, crypto analysts think that the main event is only beginning, expecting the token to cross the $1 mark once more and make it above $1.5. 
<h2 class="p1" id="matic-price-could-mount-76-rally-to-1-5">MATIC Price Could Mount 76% Rally To $1.5</h2> 
Crypto analyst Babenski has laid out a <a href="https://www.tradingview.com/chart/MATICUSDT/tdiU83YT-MATIC-Potential-Playout/" rel="nofollow">scenario</a> where the MATIC price could rise back above $1.5. The token has seen investors eagerly await its return and it is expected to be glorious. As the analyst outlines, the <a href="https://www.newsbtc.com/matic/polygon-matic-jumps-6-whales-high-activity/">Polygon native token</a> is still facing a bit of a resistance but a breakout above the $0.9 would spark a surge. 
The analyst explains that the price is being held back but is trying to break out of the A&amp;V pattern. Even the fact that <a href="https://www.newsbtc.com/news/mysterious-wallet-transfers-17-8-million-matic-to-coinbase-whats-going-on/">the altcoin</a> is trying to break out of this pattern is bullish and a complete break could see it rise up and clear the coveted $1 level. 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/i/tdiU83YT/" alt="MATIC price chart from Tradingview.com" width="2538" height="1185"> 
Also, this breakout could see the price rise as high as 76%, as Babenski notes. Such a surge would bring MATIC above $1.5. If this happens, it will be the first time in almost a year that the <a href="https://www.newsbtc.com/matic/matic-propels-over-0-75-is-1-possible/">MATIC</a> price has crossed this level and could signal the start of another bull rally. 
<h2 class="p1" id="maintaining-a-bullish-outlook">Maintaining A Bullish Outlook</h2> 
In addition to Babenki, another crypto analyst has taken to TradingView to share their own bullish outlook on the <a href="https://www.newsbtc.com/matic/polygon-matic-poised-for-a-bullish-surge-analyst-who-predicted-2021-fall-says/">MATIC</a> price. This time around, Nathan at MyCryptoParadise presents their analysis with the fact that MATIC seems to have a well-executed rounding bottom pattern. 
Then using the daily candle, the analyst <a href="https://www.tradingview.com/chart/MATICUSDT/fjBCBrXq-MATIC-USDT-In-the-crucial-area-Break-out-or-rejected/" rel="nofollow">predicts</a> a potential to break out from its current supply area. “A successful breakout would pave the way for MATIC to probability advance toward our targeted supply area,” Nathan said. The outcome and the expected peak of this breakout, although not as high as Babenski’s forecast, also put the price above $1.1. 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/i/fjBCBrXq/" alt="MATIC polygon price chart from Tradingview.com" width="1275" height="556"> 
However, it is not a completely smooth road for the <a href="https://www.newsbtc.com/analysis/matic-analysis/matic-price-prediction-polygon-pump-target-1/">MATIC</a> price here. This is because the analyst says that if the altcoin comes across any difficulty in breaking the supply area, then it could trigger a downtrend. This would cause the price to dip and head toward demand at $0.69. 
“The undesirable scenario unfolds if, during the retesting at the demand of $0.69, <a href="https://www.newsbtc.com/matic/polygon-matic-flying-is-this-program-the-primary-catalyst/">MATIC</a> struggles to sustain its position and breaches the demand area,” says Nathan. “In such a case, <a href="https://www.newsbtc.com/matic/analyst-endorses-matic-double-down-polygon-ethereum-layer-2-tokens/">MATIC</a> would revert to a bearish movement, potentially retracing to the robust support area.” 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/Fgpkdhiv/" alt="MATIC price chart from Tradingview.com (Crypto analyst)" width="2650" height="1742">

Crypto Analyst Says MATIC Price Will Rocket Above $1.5 If This Happens

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